Easy Street North Condominiums

What Easy Street North Condominiums's governing documents say

Easy Street North Condominiums is a mixed-use condominium in Phoenix, AZ, with both residential and commercial units. You own your unit and an undivided share of common elements, while the association maintains shared areas. The declaration reserves development rights for a future Phase 2 expansion.

• What you own & maintain: You own your unit's interior (finished surfaces inside walls, floor, ceiling) and a percentage of common elements. The association maintains common elements, limited common elements, and provides master insurance. Unit owners must maintain their unit interiors and any allocated limited common elements like balconies and parking spaces.
• Leasing & rentals: Leases are permitted, but the declaration includes a section on rental of units (Section 4.18). No specific minimum lease term is stated in the visible text. Lessees may use common elements during their lease; unit owners suspend their own use rights while the unit is rented.
• Pets: The declaration has a section on animals (Section 4.7), but no specific limit on number or type is visible in the excerpt. Rules may be further defined in the association's rules and regulations.
• Parking & vehicles: Each residential unit is allocated at least one parking space in the parking garage as a limited common element. Commercial units are allocated six parking spaces. Parking spaces may not be leased to non-owners for more than two years without written notice to the association. Additional parking rules are in Article 4.
• Allocations & assessments: Common expense liability for residential units is split equally (half per unit, half based on square footage including balcony). Commercial units pay based on square footage. Assessments fund common expenses, reserves, and special assessments. Transfer fees and initial working capital fund are mentioned.
• Use restrictions & alterations: Units are for single-family residential or commercial use. No combining of adjoining residential units is allowed. Commercial units may be subdivided. Alterations require approval. The declaration includes restrictions on nuisances, window coverings, balconies, and outdoor burning.
• Easements & development rights: The declarant has reserved rights to expand the condominium with a Phase 2 property within 15 years, without owner consent. Easements exist for utilities, ingress/egress, support, and association access. The association can suspend common element use for rule violations.
• Dispute resolution & enforcement: Article 11 establishes mandatory alternative dispute resolution procedures (mediation) before litigation. The association can levy enforcement assessments and liens for nonpayment. First mortgagees have certain protections.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.